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Metro Detroit • 7 wholesalers profiles
Double Closing in Metro Detroit
Compare local wholesalers and investors who use double closings with a title company. Connect for free and understand each step before you sign.
5Featured pros
7Wholesalers profiles
6Metro counties
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Rebuild Detroit is not a real estate broker, does not verify property condition or title, and does not give legal or financial advice; information here is general.
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Latest off-market properties in Metro Detroit
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$35,000
ARV $120,000 (wholesaler estimate)
3 Bed Single Family in Detroit
3 bd 1 ba 1,000 sq ft
📍 Detroit, MI 48219 Address locked
Posted by Jonathan
$65,000
ARV $140,000 (wholesaler estimate)
3 Bed Single Family in Detroit
3 bd 1 ba 1,472 sq ft
📍 Detroit, MI 48219 Address locked
Posted by Jonathan
$25,000
ARV $130,000 (wholesaler estimate)
4 Bed Single Family in Detroit
4 bd 2 ba 1,851 sq ft
📍 Detroit, MI 48227 Address locked
Posted by Jonathan
Featured double closing pros
Top Double Closing Pros in Metro Detroit
Featured spots are paid placements shown first. The Verified badge records dated checks; other listed businesses have not been verified yet. Confirm current licensing, insurance and written scope with each provider.
Belal Abdurahman
Verified
Flipping Detroit
Verified
Jonathan
Verified
K&T INVESTMENTS LLC
Claimed
Pedro Means
Claimed
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Before you hire
Double Closing in Detroit: what to expect
A double closing in Detroit is two separate closings on the same property, often on the same day: the wholesaler buys from the seller, then sells to the end buyer. Unlike an assignment contract, the wholesaler actually takes title for a short time, and each side sees its own settlement statement.
Wholesalers use double closings when the purchase agreement cannot be assigned, when a bank or estate sale requires the buyer on the contract to close, or when they prefer not to show their fee. The front half needs funding, either the wholesaler's own cash or short term transactional funding. Some title companies and lenders have their own policies on back-to-back sales, so the title company should be chosen early.
Compare Metro Detroit wholesalers or talk to a title company about how they handle simultaneous closings.
What a good engagement includes
- Two purchase agreements: seller to wholesaler, wholesaler to end buyer
- One title company coordinating both closings
- Funding source for the first closing identified in writing
- Two deeds recorded with the county Register of Deeds in order
- Separate settlement statements for each transaction
- Property Transfer Affidavit filed after each transfer
What drives the fee
- Two sets of closing costs, title fees and recording fees
- Transfer taxes on each transfer
- Transactional funding fees if the wholesaler borrows for the first closing
- Title insurance on one or both transactions
- The spread between the two contract prices
- Delays if the end buyer is not ready to close
Rebuild Detroit does not publish fees. Ask each attorney to explain the fee basis in writing and compare.
Licensing and legal checks in Michigan
Michigan has no separate wholesaler license, but the Occupational Code defines a real estate broker broadly (MCL 339.2501): anyone who, for a fee, sells or offers to sell real estate or negotiates a sale for others. Selling your interest in a purchase contract is generally treated differently than marketing a house you do not own, but where that line falls depends on the facts. Ask whether the wholesaler holds a license through the State License Search, and have a real estate attorney review your contract.
Each deed is recorded with the county Register of Deeds, and the new owner files a Property Transfer Affidavit with the local assessor within 45 days of each transfer.
Verify: Michigan State License Search MCL 339.2501: real estate broker definition Wayne County Treasurer: Auctions and Claims How We Vet
How to compare attorneys
- Ask which title company will handle both closings and call them yourself.
- Confirm how the first closing is funded.
- Read both contracts for inspection and cancellation terms.
- Ask how transfer taxes and title fees are split.
- Get the process explained by an attorney if it is your first double closing.
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Common questions
Double Closing in Detroit: FAQ
With an assignment, the end buyer takes over the contract and closes with the seller. With a double closing, the wholesaler buys the property and resells it, so there are two closings and two deeds.
You pay closing costs twice. The total depends on title fees, transfer taxes, recording fees, title insurance and any transactional funding.
Buying and reselling property is legal, but disclosure, licensing and lender rules can apply. Have a Michigan real estate attorney review the deal.
Yes, in practice. A title company coordinates both transactions, records both deeds and makes sure funds move in the right order.
Get double closing consultations from local pros
Compare Metro Detroit local wholesalers and investors and confirm credentials, scope and cost drivers before you hire.